Whilst employees throughout the UK will be rejoicing at the thought of two consecutive long weekends this month, businesses and umbrella companies need to plan early for the closures.
Umbrella company contractors need to be aware that HMRC is going to clamp down hard on employment benefit trust schemes. EBTS’s are now considered by the government to be a form of disguised remuneration.
Recruiters have reported that temporary workers and umbrella company contractors are now reluctant to travel long distances to get to work due to the increasing cost of fuel.
Self-employed umbrellas seem to be the new “in thing” – it’s almost like umbrella companies around the country had a eureka moment all at once and decided to run a “new model” to catch everyone they couldn’t put through the typical PAYE umbrella.
As budget day looms ever closer, various organisations have been urging the government to create an environment that supports entrepreneurs, small businesses and umbrella company contractors.
More and more umbrella companies are cropping up on every street corner and more and more agencies closing ranks and whittling down their umbrella company lists, it is becoming increasingly harder for umbrella providers to compete it would seem.
Have you been inspired to become an entrepreneur because of TV? If so, you’re not alone, according to research from the Department for Business, Innovation and Skills.